Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Oct 23, 2017 |
signed chap.380 |
Oct 11, 2017 |
delivered to governor |
Jun 14, 2017 |
returned to senate passed assembly ordered to third reading rules cal.263 substituted for a8129a |
Jun 13, 2017 |
referred to banks delivered to assembly passed senate |
Jun 07, 2017 |
amended on third reading 3758a |
Jun 06, 2017 |
advanced to third reading |
Jun 05, 2017 |
2nd report cal. |
May 24, 2017 |
1st report cal.1349 |
Jan 26, 2017 |
referred to banks |
Senate Bill S3758A
Signed By Governor2017-2018 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
co-Sponsors
(D, IP) Senate District
2017-S3758 - Details
2017-S3758 - Sponsor Memo
BILL NUMBER: S3758 TITLE OF BILL : An act to amend the banking law, in relation to examinations PURPOSE : Changes the interval and asset threshold for examinations of certain banks by the Department of Financial Services SUMMARY OF PROVISIONS : Amends paragraph (b) of subdivision 2 of § 36 of the banking law extends the examination period to once in 18 months for banks with assets of less than $1 billion. EXISTING LAW : Current law allows the superintendent of DFS to extend the examination interval from once each calendar year to at least once each eighteen-month period for banks with assets over $250 million. JUSTIFICATION : Community banks are facing challenges from increased regulatory and technology demands. The thousands of pages of new federal regulations
2017-S3758 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3758 2017-2018 Regular Sessions I N S E N A T E January 26, 2017 ___________ Introduced by Sens. HAMILTON, SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Banks AN ACT to amend the banking law, in relation to examinations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 2 of section 36 of the banking law, as amended by chapter 464 of the laws of 2006, is amended to read as follows: (b) the superintendent [may] SHALL extend the examination interval from at least once in each calendar year to at least once in each eigh- teen month period if the banking organization to be examined: (1) has total assets of less than [two hundred fifty million dollars] ONE BILLION DOLLARS; (2) is well-capitalized, which for purposes of this paragraph is defined as having capital which significantly exceeds the required mini- mum level for each relevant capital measure or as having such capital as the superintendent shall otherwise define by regulation; (3) at its most recent examination, was found to be well-managed and its composite condition was found to be outstanding or good; (4) is not currently subject to a formal enforcement proceeding or order by the superintendent, the federal deposit insurance corporation or any other federal banking agency; and (5) has not been acquired by any person during the twelve month period in which an examination would be required but for this paragraph, and § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08454-01-7
co-Sponsors
(D, IP) Senate District
2017-S3758A (ACTIVE) - Details
2017-S3758A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3758A TITLE OF BILL : An act to amend the banking law, in relation to examinations PURPOSE : Changes the interval and asset threshold for examinations of certain banks by the Department of Financial Services SUMMARY OF PROVISIONS : Amends paragraph (b) of subdivision 2 of § 36 of the banking law extends the examination period to once in 18 months for banks with assets of less than $1 billion. EXISTING LAW : Current law allows the superintendent of DFS to extend the examination interval from once each calendar year to at least once each eighteen month period for banks with assets over $250 million. JUSTIFICATION : Community banks are facing challenges from increased regulatory and technology demands. The thousands of pages of new federal regulations
2017-S3758A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3758--A Cal. No. 1349 2017-2018 Regular Sessions I N S E N A T E January 26, 2017 ___________ Introduced by Sens. HAMILTON, SAVINO -- read twice and ordered printed, and when printed to be committed to the Committee on Banks -- reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading AN ACT to amend the banking law, in relation to examinations THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (b) of subdivision 2 of section 36 of the banking law, as amended by chapter 464 of the laws of 2006, is amended to read as follows: (b) the superintendent may extend the examination interval from at least once in each calendar year to at least once in each eighteen month period if the banking organization to be examined: (1) has total assets of less than [two hundred fifty million dollars] ONE BILLION DOLLARS; (2) is well-capitalized, which for purposes of this paragraph is defined as having capital which significantly exceeds the required mini- mum level for each relevant capital measure or as having such capital as the superintendent shall otherwise define by regulation; (3) at its most recent examination, was found to be well-managed and its composite condition was found to be outstanding or good; (4) is not currently subject to a formal enforcement proceeding or order by the superintendent, the federal deposit insurance corporation or any other federal banking agency; and (5) has not been acquired by any person during the twelve month period in which an examination would be required but for this paragraph, and § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08454-03-7
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.